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The Automotive Development Policy (ADP) 2016-21 has had a major role in radically changing the complexion of the Pakistani automotive sector in the past 3
Ministry of Industries and Production has conveyed to the auto industry that the new Electric Vehicle Policy will become part of the new Automotive
EXIM Bank of Pakistan to Commence Operations by June 2021 The EXIM Bank of Pakistan will become operational by June 2021. Sources told Propakistani here on Thursday that the CEO EXIM Bank of Pakistan disclosed this during the 34th meeting of the Auto Industry Development Committee held last month at the Board of Investment. The agenda of the meeting was the support for export of vehicles, parts and components-EXIM Bank. During the meeting, CEO EXIM Bank of Pakistan said that their bank will be operational by June 2021. Currently, the bank is hiring, RFP for headquarters is submitted and resou...
The government is considering establishing a separate electric vehicle (EV) board, similar to the Engineering Development Board (EDB), in a bid to promote environment-friendly vehicles in the country.
While already struggling to rein in the prices of sugar, wheat flour, ghee/cooking oil, steel bars and cement, Prime Minister Imran Khan has now vowed to tackle the issue of high car prices and low auto-part localisation. In the last week of 2020, the federal cabinet directed the Ministry of Industries and Production (MoIP) to look into the production capacity of existing carmakers that have failed to increase their output in line with market demand. The cabinet directed the MoIP to look into the reasons as to why the foreign automobile manufacturers failed to indigenise car assembling throug...